Renxin New Material Co (SZSE:301395) Scaled Net Operating Assets : 0.33 (As of Sep. 2024)

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What is Renxin New Material Co Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Renxin New Material Co's operating assets for the quarter that ended in Sep. 2024 was ¥922 Mil. Renxin New Material Co's operating liabilities for the quarter that ended in Sep. 2024 was ¥304 Mil. Renxin New Material Co's Total Assets for the quarter that ended in Jun. 2024 was ¥1,851 Mil. Therefore, Renxin New Material Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.33.

Renxin New Material Co Scaled Net Operating Assets Historical Data

The historical data trend for Renxin New Material Co's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Renxin New Material Co Scaled Net Operating Assets Chart

Renxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.56

0.61

1.03

0.41

0.47

Renxin New Material Co Quarterly Data
	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.23	0.25	0.28	0.28	0.33

Competitive Comparison of Renxin New Material Co's Scaled Net Operating Assets

For the Chemicals subindustry, Renxin New Material Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Renxin New Material Co's Scaled Net Operating Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Renxin New Material Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Renxin New Material Co's Scaled Net Operating Assets falls into.

Renxin New Material Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Renxin New Material Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(785.231	-	297.522)	/	1044.452
=	0.47

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1957.787	-	1172.556
=	785.231

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	300.124	-	0.067	-	2.535
=	297.522

Renxin New Material Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(921.659	-	304.267)	/	1850.964
=	0.33

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1853.008	-	931.349
=	921.659

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	304.98	-	0	-	0.713
=	304.267

Renxin New Material Co Scaled Net Operating Assets Related Terms

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Renxin New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Renxin New Material Co Ltd (SZSE:301395) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

No. 28, Xiayong Petrochemical Avenue Middle, Daya Bay, Guangdong, Huizhou, CHN, 516082

Website

http://www.hzrxnm.com

Renxin New Material Co Ltd is specialized in polystyrene high Research and development, production and sales of molecular new materials (polystyrene). The main products of Renxin New Materials have been highly recognized by downstream enterprises and established a good market image and brand awareness.

Renxin New Material Co Headlines

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